Their fund has fully reached what it could, their allocation to China/Tech will constrain them.
Hamish and co have made a last ditch throw with Barrenjoey, if it works it's voila $50, but if not, i expect this to be range bound 20-40 for a long time, especially with pressure to drop management fees reigning large on all fund managers with the rise in passive "investing" (not really investing but you know what i mean).
It will wander up and down but return to the same point.
Good thing is it's still a good trading share, buy low, sell high, if you can figure when each hits ofcourse.
MFG Price at posting:
$32.11 Sentiment: Hold Disclosure: Held
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